South African tech talent marketplace OfferZen has announced that it has secured €4.5 million ($5.1 million) in Series-A funding from the South African investment company, Base Capital.
According to TechCrunch, it is the firm’s first round of funding since Philip Joubert, Malan Joubert and Brett Jones founded the company in 2015.
The $5.07-million funding will play a key role in the startup’s plans to deepen its operations in Europe, as it moves to unlock additional value in the region through investments and acquisitions.
Phillip Joubert, OfferZen CEO and co-founder, said it will plow the majority of the fresh funding into OfferZen’s tech community. In addition, as OfferZen deepens its expansion into Europe by entering two more countries next year, a chunk of the money will go into growing its operations, products and growth teams.
As a tech talent marketplace, OfferZen allows software developers and engineers to sign up as candidates curated by OfferZen and made available to companies.
The developers are only allowed to work permanent roles.
The round comes about a year after the South African tech talent marketplace acquired TryCatch, an Amsterdam-based recruitment tech startup.
The expansion to the Netherlands contributed heavily to OfferZen’s growth in the second half of this year, as it experienced a 29-percent increase in placements between Q3 and Q4 alone.
Through its organic operations and strategic acquisitions, OfferZen has expanded its activities to cover more than 1,000 companies and 100,000 software developers using the tech talent marketplace to create shared value for developers.
Most of its customers from both ends of the marketplace are based in South Africa, the Netherlands and parts of Europe like the UK and Germany, which are prominent hubs for global talent.
